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and in affecting the global economy in a larger sense, not just the fiscal and current account deficits but other important areas. one is the important steps that the g20 has taken in recent years, which might seem not central to the global macrodebate that is enormously important in the world, was to agree not to put on export bans for food products in times of shortage and that has been a really important -- though that helped a lot of countries to explain to their domestic audience is why they were not in times of shortage thinking of resorting to export bans and we know what from the imf and others have done that these export bans actually worsened the local -- global food process and is just an example the global world would any country desk and have a quick and immediate impact and that has led to quite an important development of the more transparency in agricultural pricing. there is a group that talks about that and promotes that which helps markets. another key area is trade. now we were saying and most of the g20, the g20 is not a place to do trade negotiations. in fact in a way the sh
to take advantage of them. i am not against smart cuts to reduce our debt and our deficit. these kinds of burdens on students, using them as a deficit solution, is not a smart cut, and that is an understatement. in the long term, we thaoed to reduce -- we need to reduce the cost of higher education which has increased over the last few decades by 1,000 percent. that's the result of year after year overinflationary increases in tuition which over time have amounted to make a college degree unaffordable to all but the most well off unless they use that kind of financially crippling debt to attend. the age of supporting one's self through a four-year college degree is passed for most. this unfortunate trend has been coupled with more and more employers requiring a graduate degree for even consideration in the hiring pool. and so, the doubling of interest rates is indeed indefensible, as irene mulvey. it is indeed unacceptable in the greatest nation in the history of the world which must continue the quality and affordability of higher education if we are to remain the greatest nation in t
, cbo shows us $642 billion deficit, down to 4% gdp for this year, that is weighed down from 10.1% four years ago and if you will, that takes a little bit of the impetus for coming up with an embargo on tax reform, reduces that even if all the projections indicate that those large deficits come ring back. so i see this tax reform issue as being tougher. the other thing i will comment on and take your questions is the affordable care act. this is a very big deal for the services i indicated, a very challenging endeavor we saw last week with the administration delayed for a year mandate that employers provide certain categories of insurance or face penalties. clearly a recognition of the lack of readiness out there in the work force. you have seen a lot of interesting things happen there. i can tell you from indianapolis, i was eating the same day that announcement came out before i heard about it at a national chain and i don't cook. so i eat out. there are several restaurants that know me well and the manager was -- good restaurant, part of a pretty big chain, telling me it came down fr
in order. we have seen some good news with an economy that recovers. we have seen our annual deficit numbers go down, although i have to be somewhat -- look with somewhat jaundiced eyes when the press is saying hallelujah, this year our deficit may be only $746 billion. that still is not -- is not good enough. and the solution set that we're looking for is not that far away. so in a moment, i'm going to make a couple comments and then ask my colleague, the medicare of our budget committee, to once again make an offer to proceed with regular order, something that has been the back stop of this debate about rules, something that our colleagues on the other side of the aisle, perhaps appropriately, beat us over the head for three years on about the fact that we ought to have a regular order around the budget. well, it's now been 110 days since the united states senate approved a budget. after a marathon session that went until 5:00 in the morning, a session that i think even our colleagues on the other side who didn't vote for the budget would agree was open and appropriate to rules and
four consecutive trillion dollar deficit the worst deficits in the history of our country. we are now about to rush through the $17 trillion mark in total debt. we are not a country that can afford to stay on this path. we are not a country that can afford to allow into our nation immigrants who are going to be tax consumers rather than tax producers. when you have the pick of hundreds of millions of people around the world, we should be smart and we should have a smart immigration policy that brings in people who are going to be tax producers. not tax consumers. that's going to help us with our deficit situation, tep us with our accumulated debt, and hopefully reduce or minimize the risk of an american tradgity that tragedy being a debit dating insolvency and bankruptcy of our great nation system of in that veen, our foreign policy, our immigration policy should focus on those who are going to come here and produce more revenue then they're going to consume. i'm for allowing immigration into the united states of america. it's a cherished privilege, it's a historical fact of our count
budget deficit which doubled over the course of the last year. you're looking at dwindling foreign reserves, unsustainable subsidies and wage will as well. if they don't burn that money in the transitional process, we're back to square one. >> how much of this pent-up frustrati frustration -- one fundamental problem was wheat delivery, food delivery, at an affordable price. is that the case? is that -- how much a factor is that? if that is so, what on earth is any interim government going to do about it? >> that's key, isn't it? that is the affordability of a lot of the regular goods if you will for most egyptians. and that has not really lived up to expectations thus far. it is that which moves the people, and the masses is when the brent prices start going up and when, you know, getting from one place to another becomes very, very difficult and fuel lines become much longer and the power cuts keep coming. the government has moved quite quickly on that in as much as it can to begin with. remember the power cuts have ceased. and the long lines at pet role stations because of the ar
in the last few years. and apart from that, they have been running current account deficits as well. that deficit has been widening. so, you know, it is going to be harder to finance a deficit if these outflows will persist. and this is why, again, another reason the bi had to be more aggressive in their response. >> yeah, and look, having this impact today, commodity prices up slightly, we have seen a big collapse in commodity prices, how does the fall in commodity prices impact a country like malaysia? >> well, from malaysia, it is a clear positive of commodity prices increase because it is the only kind of large net exporter of commodities, but for indonesia, it is mixed because they are commodity exporter, but they're a net oil importer, right. so if commodity prices come down and that affects oil, that's positive for them, but for the others, that hurts them a little bit. little bit mixed in indonesia in terms of commodity price impact. a little clearer in malaysia. >> just a final one, to you, the -- just picking up on as we look at the relative strength of the u.s. economy, h
rates to the market without a cap to protect students. this proposal would pay down the deficit on the backs of students, trading national debt for student debt. trading national debt for student debt. it is unacceptable, the letter goes on, to use student loans as a vehicle for deficit reduction, especially when the federal government is projected to make $51 billion on student loans just this year. so that will be the vote tomorrow. and, madam president, i ask consent that this letter, along with the list of the organizations supporting the one-year extension, appear at this point in the record. the presiding officer: without objection. mr. harkin: so that's -- that's really the vote tomorrow. are we going to keep 3.4% or are we going to allow it to double? that's the essence of the vote tomorrow. now, there is a lot of different ideas floating around about what to do, how to do this, but in just about every single case, every one of those bills, if you project out over the next couple of three years, will raise interest rates higher than 6.8%. so again, that's why extending i
to achieve deficit reduction in a balanced and responsible way. in fact, we passed a budget through the house of representatives, the united states senate has passed a budget but the house of representatives and the republican leadership refuses to go to conference. refuses to follow regular order for which they call so frequently. refuses to try to bring a compromise agreement back to this floor. this congress has failed to achieve deficit reduction in a balanced and responsible way. instead we now have the equester, a senseless, stupid, irrational policy. that's a real shame, mr. speaker, that partisan politics is keeping some of our country's best and brightest from doing their jobs supporting our war fighters as they serve in afghanistan and around the world. last tuesday, i met with some of the outstanding men and women who work at civilian defense jobs at packs river naval air station in my district. when you go there you often see uniformed and civilian personnel sitting side by side working with the same dedication, partners in making our government stronger and making our defense str
to a recession and will force people out of work and into unemployment and increase the deficit. i know what your answer is going to be. you are going to say, all the good stuff happened after republicans took over congress and started cutting taxes. that is not going to wash. first of all, during the first two years of the clinton administration, the u.s. economy added millions of jobs. 278,000 a month before you guys secondly, the tax cuts were small change compared with the initial tax increase. every year, according to cbo, that clinton was in office, the tax rate on the top 1% was higher than it was in any year of either the bush one or two administration. the u.s. economy experienced an epic boom.despite those high tax rates. we are now back to clinton levels. some people figure that it does not happen. by the way, we have had much higher tax rates for our generation after world war ii. it is considered inconceivable now. that did not stop the 25 year period to be the test -- to be the best we ever experienced. should we raise taxes on the rich? but, for various reasons. above all, because
's good for jobs. we've also seen that it will lower our deficits by $850 billion over the next 20 years, and because of the influx of younger workers and more undocumented workers paying payroll taxes, we've seen it will actually increase the solvency of social security by two years, and i think you have to look what else is in this bill. this bill brings in new visas for people doing startups, who are creating jobs. it conditions the visa on them being able to create jobs, that creates jobs for people here. the studies overwhelmingly show that for native existing workers, this immigration is almost always a good deal. this even shows that over 20 years wages would go up half a percent for the economy as a whole, so i -- i think, you know, it's very interesting. you often have me on the show replying to paul ryan or grover norquist or douglas holtz eakin. this is something where those leading republican budget and economic experts and someone like myself are in complete agreement. we agree that common sense immigration reform is a win for economy, a win for growth and win for deficit re
is a piece of a sound bite at home to say they believe in deficit reduction. >> they made a clear choice to protect generous subsidies for agricultural corporations at the expense of the hungry and working poor. >> this is not some little club. we are the congress of the united states of america. the most powerful nation on this planet. and we can take care of all of the people. >> this is the lowest of the low. when we can't pass this, you know, ladies and gentlemen, they can't run the house. >> the only thing that this house will do when it votes today is defeat starving children. >> you are taking food out of the mouths of your own poor constituents. >> hr-2642 is a deadbeat majority's proposal. >> enough already. >> fluenough is enough. >> vote no. >> time has expired. >> vote no. vote no. vote no. it is ridiculous what you're doing to our children. >> every single democrat in the house did vote no today. along with 12 republicans, but that was not enough to stop the republicans' stripped down farm bill. it passed by an eight-vote margin, 216-208. the last version of this bill went d
executive editor to discuss the u.s. deficit and energy policy. honeywell is a fortune 100 consumer t produces goods for airo space systems. >> well, welcome, everyone. this is a delight to be able to speak with dave cote. we're going to cover a variety of topics today so we'll jump right in. everything from the debt, as john mentioned, and the riskyness of being on risk committees. interestingly, there's kind of a larger topic maybe to address first, which is that honeywell is in more than 150 countries. it is a diverse conglomerate. it has business in everything from emissions controls to avionics to protective clothing. i would imagine you are able to kind of give us a better read on the kind of global economy at this stage of the game than the imf could. could you give us a sense of what's happening out there? where is growth likely to come from? >> right now, in my view, not much is happening at all. i was talking with bob earlier and we were kind of comparing notes. i hope ben bernanke is right. i'm not an economist or a forecaster so i have to deal with what is happening now bu
shortage and the department is requesting to reallocate salary funding to make up for the deficit. we can talk a little bit more about that next week. while we were able to add 48 members to our workforce in the last academy that graduated in december, those numbers didn't enter until december and the department was forced to use mandatory overtime shifts very heavily over the summer and into the fall of last year. the request will be before the committee again next week and we'll be happy to provide additional information. in fact, if there is something specific that you would like us to present on that particular item next week, if you provide us with that any time before then, we'll have that specifically for you next week. and the other thing, i think it came up either from supervisor breed or one of the other members of the committee, we did do some looking at the percentage of overtime as a result of overall budget. and our overtime costs were approximately 13% of personnel costs. and the -- i don't want to say industry standard, but what's common in the industry in the fire service
the california deficit. if we had a national energy plan, we could create millions of jobs by knowing if a pipeline works or if a pipeline doesn't. we are the only developed country in the world not having one. that does hurt. >> jim, take him on. >> we've got a lot of part-time workers in this jobs report. why is that? because of government mandate relating to obama care. whether it's crowding out or red tape, they are not creating a big playing field for small businesses and that's why small businesses are not hiring. >> okay. two texans get the last word. thanks, guys. >>> young americans getting restless. a new poll shows their trust in d.c. is fading, overa nsa snooping. why that could help support for big government in d.c. that's at the bottom of the hour. but up here first, employers may have dodged the health care law for another year, but you may not be so lucky. remember this? >> if you like your health care plan, you'll be able to keep your health care plan, period. >> what just happened that might just change that. the ones getting involved and staying engaged. they're no
of it is we planned ten years ahead. the congressional budget office will tell you the deficit will be smaller, come down between 2.5%, 3.5% in 2015 but goes back up again. the entitlement explosion lies beyond that horizon and we do not have even the beginnings of an answer to the question of what we do about that. if we do nothing the problem gets worse and ultimately what it means and this is a central argument of my book "the great degeneration" is that the next generation is going to be clobbered by much higher taxes plus probably also far fewer entitlements than the baby boomers. that's the reality of fiscal policy and nothing that has happened including the sequester fundamentally changes that. >> you talk about this next generation, almost as if america in some cases is eating its young, when you look at the high student loan debt, the fact that so many kids are underemployed, all of these majors at one time would have been a path to middle class life are not anymore. the kids are underemployed. they're not even working in jobs. >> right. >> large share of graduates are not working at
-35. >> get to the women's final at wimbledon, serena had to twice come back with 3-love deficits but against bartoli she fel into a hole she couldn't dig herself out. bartoli took advantage and fires a backhand down the line. took the first set. and mount to rally but would fall short. bartoli served forfeiture champion. this is her first championship. >> i have -- it's just amazing. it's really been an amazing day. >> tomorrow is going to be for the gentlemen's title. >> now, back to this reality before we leave you tonight. we wanted to bring you up to date on the crash of flight 214 rat sfo with the latest. >> sadly it was a deadly crash landing. death toll stands at two. 49 people are still in the hospital in critical condition. >> now those numbers could have been much higher had everyone not been able to get off the plane. the plane caught fire after people escaped and emergency chutes come down. >> first responders had to go into plane to take out some of those people. all 7 people have been accounted for -- 307 people have been accounted for. >> it originated in shanghai and came to
the biggest budget deficit in britain's history. we had to make difficult decisions. that is why we cut welfare and areas of spending. on education, we have made it a priority. that is why the amount of money going into our schools is going up and not down. that is why we are funding half a million extra school places. and that is why this government has built 200 new school buildings since taken office. -- since taking office. he asked about new schools going into different areas. that is code for labor's opposition to free schools. we want more new, good schools. their policy is still the same as john prescott's policy. do you remember that? the trouble with good schools is that everyone wants to go to them. as usual,od schools. his questions are written by len mccluskey of unite. mr. speaker, mr. speaker, as always, this prime minister has no answer to the questions he is asked. if he will not answer me, maybe ,e will answer david simmons who is the conservative spokesman for the local government association. this is what he said. schools that are literally falling down and still hav
whether or not psycho paths have affective deficits. absolutely they do. there has been hundreds of years of psychiatric research shows that they do. you have this two prong thing. on the one hand more dangerous if you release them and don't treat them. on the other hand, they're affectively different. there was a very nice article in the "new york times" magazine on mother's day about children who have these emerging traits and how we would develop and understand and treat them. it's a small percentage. my goal is to develop better treatment so they can keep them off that trajectory towards life course persistent problems. >> are you saying that people that have the brain structure that you have identified will always be lacking in volitional control or impulse receive to the extent that they are criminals? do we have a subset of people that are criminals because of their brains? >> i should really differentiate psychopathy from criminality. there are a lot of reasons why individuals engage in different criminal activity. it's a very small percentage of prisoners that are just about 15 t
to eat right, you know. [laughter] >> that being said, i do believe that deficits in certain essential aminnow acids and other types of things can certainly increase people's impulsivity. they can increase people's chances of not -- of those types of things, yeah. >> and one final question and i'm going to rephrase it a little bit, but why is it that we treat people who have, say, traumatic brain injuries or other diagnosed mental illnesses in the criminal justice system rather than in the mental health system? [applause] >> so what i showed you today was to give you that exact what is neuroscience doing in the legal is system and so that person of the person with the tumor, you could all see that and so can a radiologist. but the else that we do know of those images. no radiologist can just see by looking at them. we are so sensitive to individual differences in i.q., in age, in all of these different availables, psychopathy scores, whatever it is, we can develop beautiful pictures of these things. so the question is, how is the legal system going to deal with all of these different,
million jobs and actually reduce the deficit by $24 billion. what a remarkable trifecta of accomplishments, supporting one of the world's most cutting edge agricultural economies, supporting significant employment and job creation and significantly cutting our deficit. what's not to love, madam president, in that farm bill? well, the house passed a series of amendments that eliminated our hard-fought bipartisan compromises and has effectively doomed the bill. similarly, the senate here passed a bipartisan water resources development act to modernize america's water infrastructure all over the country, including drinking water, waste water treatment, shipping channels. it got 83 votes here out of 100 in the senate. it's being slow walked in the house over ideological objections about the power of the government on environmental authority. after a historic committee markup, after the congressional budget office said it would reduce the deficit by $150 billion in the first decade and $700 billion in the second, this senate passed an overwhelmingly bipartisan immigration reform bill. i think o
was estimated to be a $400 million deficit this fiscal year. potentially growing next fiscal year. it all comes back to that in many ways. we have a growing pension and retiree health care problem that is huge and looming and getting worse. as important, we have a huge unemployment rate here in san francisco. it is about 9.6% right now, and the fact that we have not done much about that in city hall i think is about to change. that is certainly something i will be focused on, putting people back to work. it is an individual issue, but it is a family issue, and we have a lot of families still struggling, and a think people have lost sight of that. hopefully, we will be getting out of this recession soon, but we need to do a lot in city hall to accelerate getting out of the recession, making sure families are back at work, making sure children are provided for. that is my biggest priority. >> talk about the issues facing your district specifically and how you are going to balance the issues facing the city at large against those in your district. >> we definitely have a few big projects for issue
protein deficit in that part of the world, so this is not about exporting product from china to the u.s. it's about exporting u.s. product to china. >> well, it may not be today, but we have seen -- this is a different issue, but it's also not -- we've seen the pharmaceuticals contaminated pharmaceutical ingredients coming from china to the united states in the form of heparin and deaths as a result. we've seen other kinds of -- just not the same kind of respect for food safety, drug safety, toys, paint, lead-based paint on toys. all the kinds of back and forth sales from that country that has not, that have not observed the same kind of -- commissioner slane, if you'd comment on what mr. pope said and then -- >> be very short. >> in the short term, you're not going to see any imports, and i think that the long-term end game here is to dramatically increase production in china. the overriding principle of the chinese is food security, and they do that through self-sufficiency. they don't want to be dependent upon a foreign country for their food, so their end game is to get their prod
-4. >>> boston drove in the go-ahead run as the red sox rallied from a four-run deficit to beat the mariners, 8-7. the a.l. east leading sox are now 25 games over .500. in the national lead the braves led the cincinnati reds. the all-star freddie freeman went three for four. >>> and the chicago cubs shut out the st. louis cardinals, 3-1. edward jackson and four relievers combined for the four-hit shutout. the cubs have won ten of their last 15 games. >> when we return, another look at this morning's top stories and a tiny hero. we will see how a quick-thinking 5-year-old tried to save her mother's life. quick-thinking 5-year-old tried to save her mother's life. bacon?! gotta get that bacon! bacon?! bacooon! smokey bacon, meaty bacon, tasty bacon! bacon? ohh la laa. i say, is that bacon? oh! good heavens! bacon! bacon! who wants a beggin' strip?? me! i'd get it myself but i don't have thumbs!! mmm mmm mmm mmm mmmm it's beggin! mmm i love you... (announcer) beggin' strips...made with real bacon. there's no time like beggin' time! left. the new deadline to get s- f-o back on schedule following sat
the fiscal deficits but other important areas. one of the important steps that the g20 has taken in recent years which might seem not central to the global macrodebate that is of enormous importance in the world was to agree not to put on export dance for food products at times of shortage and that has been a really important -- that helps a lot of countries to explain to their domestic audiences why they were not in times of shortage resorting to -- and we know from the work that imf and others have done that these export bans actually worsened the global food crisis. just an example of how one of global world what any country does can really have a quick and immediate impact. that has led to an important development of more transparency and agricultural pricing and there is a group that meets to talk about that promotes that which helps markets to grow. another key area is trade. we are always saying and most of the g20, it's our position that the g20 is not a place to be doing trade negotiations. in fact in a way the sherpa's are the masters of all and if none. we don't really know in g
began like many years before, trying to reduce significant budget deficits. but because we have pursued policies to control costs, grow our economy, create jobs and stabilize our fiscal health, this year i'm proposing a budget that protects our social safety net, one that increases public safety, and one that invests in our city's infrastructure at unprecedented levels. and it is a budget that significantly grows our city's reserves. this budget is being delivered as san francisco's economy is recovering, going, and moving in the right direction. and san franciscans are getting back to work. in fact, our unemployment rate has dropped, as you all know, from 9.5% in january of 2011 to an astounding 5.4% just last month. (applause) >> i know, i know it has -- it has not been easy. we've had to work hard with our health services system, our care -- our health care providers, and labor to reduce employee health care costs. and because of our collaboration, we will now save $52 million over the next two years. and we've made tough but necessary choices on everything from escalating pension co
to an adjustment to our budget prior to this year every year we were starting off with a deficit. so, this is just realigning our budget with the realities of what our staff costs are. we have no expected changes to the fte calendar for the next two years. at this time we do not intend to request any increases. and we're not projected to have any overtime costs over the next two years. and i think that summarizes the presentation. if you have any questions or comments, i'd be happy to answer them. >> colleagues, any questions? comments? aside from appreciating the short presentation. >> i speak quickly, i know. >> okay, thanks very much, ms. johnson. we don't have a budget analyst report for your department, so thank you for being here. >> thank you very much. >> okay. up next we have one more request out of order and that's for our district attorney to come forward. i know mr. [speaker not understood] is here so why don't we start with the da's office. >> jennifer put a lot of [speaker not understood]. i want to make sure i'm very quick as well. first of all, good afternoon, everyone. i want to b
last year's $60 billion deficit. the big reason, fannie and freddie and the dividends and timing of federal payments. i always loved fannie and freddie. don't you? they catch a lot of flack. >> this is a big story. if you look at the numbers, take another three months, three months left in the fiscal year, the budget deficit could be 3.5% of gdp. you had two lawsuits. ted olson suing about the changes, what they call the third amendment when the treasury said we're not just taking dividends anymore, we're sweeping all the profit. fannie and freddie fascinating and what will happen is equally as interesting. haven't heard from treasury yet. >> who is supposed to read this? no one named vo here. a valerie, a victor? >> you know what vo is. >> i think it is some tape. >> meaningless, usually just wallpaper. talk about china, show the great wall. talk about paris, we show the eiffel tower, right? >> we do. we also made many mistakes in the past. >> we have. great ones. >> goldman sachs, remember that one, back from the o.j. days. >> ron goldman came up. the taj mahal casino, showed t
the nation on track for the lowest deficit since been due to a $66 million dividend payment from fading may and freddie mac also the senators voting to bring back last the goal is separated the primary paging function including senator elicits ward and john mccain to say it played a major role in the crisis. microsoft is focusing its business on devices and services after a tepid response to the latest operating system and declining pc demand hasn't helped either. those are some of the hot stories right now on fox business. how can you win a bidding war for your dream home? bacon lovers to be paying a lot more for your food and pork products. i will tell you why. coming up. ♪ i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcerscottrade... ranked "hight in customer loyalty for brokerage i'm with scottrade. and investment companies." thshe makes a nif
. that was a great argument. >> a great gesture. his net worth is equal to the federal deficit. melissa: i don't know how that came up. the biggest in the world. 590 feet. a massive price tag of $600 million. it is reportedly owned by middle eastern billionaire and it took three years to build. just a little perspective on how big it is. look at this. here it is. that tiny little thing in the upper left is the space shuttle. this new monstrosityust over took the clips. the world's biggest shot by 533 feet. who would not wanted? it looks like it can fit in my bathtub. melissa: ashamed and embarrassed. if i were a russian oligarchic would not take this lying down. selig. you cannot let them. >> we don't know his name. an anonymous billionaire. anonymous era billionaire. 600 feet long. his entire harem can fit on this boat. >> as a russian myself i am ashamed and embarrassed. someone handed him. >> obviously you don't have a very large harem. >> i was pulled in. i was pulled into i really lame duck. there was this huge gap. once again for the second time, looking to cool yourself. it in some areas of ch
't argue about. the federal budget deficit for the current fiscal year is shrinking. before you start celebrating, the white house also said there's still a shortfall of $759 billion. credit goes to the improving economy and those across the board, federal spending cuts in the sequester legislation. >>> uncle sam may have been spending less money, but the rest of us did a lot more borrowing during the month of may. the americans increased their debt that month. the fastest pace in a year with total borrows reaching a record $2.84 trillion. credit card use or its biggest gain in a year while borrowing for new cars and student loans also saw big increases. >>> no more special treatment for high priced clients. that's the word from reuters today. the financial information giant has agreed to end the practice of providing high speed traders early access to its important consumer sentiment data. the company allowed those traders to get the information two seconds before it was distributed to other subscribers for an additional fee. regulators said those two seconds can give those clients a
meltdown. and federal dollars are very scares. as we face this huge deficit together, we have to look at every option available to meet the challenges of doing more with less. i urge my colleagues to support my amendment. and i yield back. the chair: the gentleman yields back the balance of his time. for what purpose does the gentleman from new jersey rise? mr. frelinghuysen: i move to strike the last word. i rise to oppose the amendment of the the gentleman from georgia. his amendment would cut $15 million. i should say for the record, we cut $220 million from last year's number and so we have substantially reduced this account. let me just say, too, the basic science program within the department conducts research with a staggering potential for benefits for our nation. cutting the program further, which is what he seeks, threatens our long-term energy security, first american scientists and industry and blemishes our credibility as a world-wide leader in basic science programs. i oppose his amendment and urge others to do likewise. i yield back. ms. kaptur: i move to strike the las
at a time of sequestration and a time of deficits, how can we spend more on fossil fuels when we should be spending less? in addition, this bill needlessly increases the funding for weapons activities and defense programs. at a time where we're winding down our involvement in two wars that have been very costly in lives and dollars this last decade, and that's why i'm offering an amendment with representative quigley that would put the v-16 back to the agency's request level that would save taxpayer dollars and reduce the deficit. this bill actually increases funding by over $20 million for these ongoing missile programs. at an era where americans should expect the government to look at where these moneys are invested. there have been growing concern raised by the air force's own blue ribbon review panel about the effectiveness of the b-61 and that's why the price -- the price for this program has continued to rise dramatically and confidence in the missile program has dropped. in fact, some of our nato allies like germany have called for the b-61's to be removed from their boarders. ag
for working together to craft a bill that balances our spending priorities with our concerns over the deficit and our climbing national debt. at this point i want to yield back the balance of my time, move the previous question, ask for an aye on the previous question and aye on the underlying resolution. the speaker pro tempore: the gentleman from texas yields back the balance of his time. the question is on ordering the previous question on the resolution. so many as are in favor say aye. those opposed, no. in the opinion of the chair, the ayes have it. mr. polis: mr. speaker. the speaker pro tempore: the gentleman from colorado. mr. polis: on that i request the yeas and nays. the speaker pro tempore: the yeas and nays are requested. those favoring a vote by the yeas and nays will rise. a sufficient number having isen, andays are ordered. members will record their votes by electronic device. pursuant to clause 8 and clause 9 of rule 20, this 15-minute vote on ordering the previous question will be followed by five-minute vote on adoption of the house resolution 288, if ordered, and approva
the numbers have gotten better as far as the deficit and there are people who are now covered with health care that couldn't afford it prior to this and i would like the representatives comment on that. >> guest: there are indeed significant challenges in health care and i believe you can solve those without putting washington in charge of h.r. 2300. the bill that i proposed is one of those ways. i would take issue with you on the fact of the cost coming down. the costs are going up and health care coverage. we have seen the administration promised they would come down $2,500 in fact they've gone up by about 2500. my physicians across the country even in lafayette louisiana, i know some doctors that were going to have to leave the practice and have to end practicing medicine not because they've gotten too old or forgot how to care for patients but because the owners regulations and the difficulty they have been caring for patients and complying with all of the rules coming from washington. in addition, we are spending ourselves
. for things like the pension crisis and the budget deficit and the crime to if rahm solves the penchant crisis, and the crime, speak and the schools. >> then people, history, history will forget that those who problems for daley. if rahm doesn't solve those things then history will remember those are problems for daley but it is a very recent history and with recent history still in open books comes sort of all too early for grades. with the first mayor daley, not in the past, it sort of is what it is and you can have your opinion about it. we might agree, might disagree but i feel more comfortable looking back on that. >> one last question. >> chicago to me has been the center of a huge metropolis. chicago, its government has been divided through latina, through blogs, through white's. what do you see as the future, like 20 years from now? what kind of governmental structure d.c.? d.c. one ethnic group popping up? >> i don't think there's a way to predict. there's so many things that just pop up into the public i in so many ways that the media determine what's going on in government that just
and will force people out of work and into unemployment and increase the deficit. i know what your answer is going to be. you are going to say, on the good stuff happened after republicans took over congress and started cutting taxes. that is not going to watch. first of all, during the first two years of the clinton administration, the u.s. economy added millions of jobs. to understand a thousand a month before you guys moved in. 278,000 a month before you guys moved in. every year, according to cbo that little was in office, the tax rate on the top 1% was higher than it was in any year of either the bush one or two administration. do at the economy -- the u.s. economy expressed in applicable. boom. epic some people figure that it does not happen. by the way, would've much higher tax rates for our generation after world war ii. it is considered inconceivable now. that did not stop the 25 year period to be the test -- to be the best we ever experience. should we raise taxes on the rich? yes, for various reasons. can we actually raise more money that way? yes, we can. should we be afraid t
that has delivered on some reforms. also on spending cuts. even though the deficit targets have been revised twice because of these appointments on the tax revenue side. so with a new chief negotiator of the troika program keen to see some changes to the adjustment portugal is to go through, whether the reform momentum will be maintained is a key focus of financial markets. >> yeah. is that the key? while you've moderated your view on portuguese debt from bullish to neutral? >> yes. that's exactly right. we are more cautious at this stage. that is a theme that goes beyond portugal. but when it comes to the specifics of politics and policy in this country, we moderated our view because of domestic political concerns. because of possible developments, not necessarily in the right direction, when it comes to the reform momentum. and also -- finally because of external factors such as a rise in core -- because of fears of early fed tapering. >> do you think what we saw last week in portugal was just the cds playing politics in terms of trying to soften the terms? or how big is the risk o
with the "wall street journal" for a wide ranging discussion on economic growth, the deficit, international technology competitiveness, and energy policy. from new york city, this is an hour. >> well, welcome, everyone. this is a delight to be able to speak with david cot ergs. we're going to cover a number of topics today. we'll jump right in. everything from honeywell to debt, and the riskiness of being on risk committees. interestingly, there's a larger topic maybe to address first, which is that honeywell is in more than a hundred countries. it is a diverse conglomerate, emission controls, avionics, and clothing. i'd imagine you can give us a better read on the global economy at this stage of the game than the imf could. could you give us a sense of what's happening out there? what's the state of affairs? where's growth likely to come from? >> right now, my view, not much is happening at all. i was talking earlier kind of comparing notes, and, i mean, i hope that ben bernanke is right. it doesn't feel that way yet, but i'm not an economist, not a forecaster, so i have to deal with what'
and into unemployment and increase the deficit. i know what your answer is going to be. you are going to say, all the good stuff happened after republicans took over congress and started cutting taxes. that is not going to wash. first of all, during the first two years of the clinton administration, the u.s. added millions of jobs. 278,000 a month before you guys moved in. cbo, year, according to that clinton was in office, the tax rate on the top 1% was higher than it was in any year of either the bush one or two administration. the u.s. economy experienced an epic boom. some people figure that it does not happen. by the way, we have had much higher tax rates for our generation after world war ii. it is considered inconceivable now. that did not stop the 25 year period to be the test -- to be the best we ever experienced. should we raise taxes on the rich? yes, for various reasons. can we actually raise more money that way? yes, we can. should we be afraid that it will hurt the economy? no, we should not. let's do it. [applause] >> very well done. 25 seconds to spare. nothing better than when yo
the deficit will shrink by $214 billion. of course it won't be gone completely, washington is spending about $1 trillion more than it takes in. spending cuts are paying off. >> what is three quarters of a trillion dollars? >> pocket change. >> check this out. this is in tron corontotoronto,. >> that's a road? >> i'm sure it's a road completely under water. nearly four inches fell in just hours. 100,000 customers are without power. passengers were stuck in the subway system. looks like a mess. chad myers tracking all the weather there and here for us. >> we talked about this yesterday how the pattern was changing and everything was going to shift to the north. i didn't mean north of the border, i meant chicago. the storms parked themselves over the area and never stopped. a couple showers across toronto. i'm going to show you a waterspout that happened in tampa and showers in pennsylvania and ohio as well. a couple cool pictures. one to three inches across the northeast. two to four across ohio. the rain isn't stopping. 87 in new york city today. it's still hot but not the heat index of 104 l
" says this year's deficit forecast has shrunk. deficit expected to be $759 billion. that's $214 billion less than previously forecast. part of the reason the massive automatic spending cuts that kicked in march 1st. >>> "wall street journal" says americans are keeping up with their credit card bills. the rate of people falling behind has dropped to the lowest level in two decades. experts say debt is down and wealth is up. >> charlotte observer said singer randy travis is hospitalized in critical condition with heart problems. the 54-year-old is treated for a heart ailment caused by a virus that can cause heart failure. >>> a scene of chaos in canada. flash flooding dumped a record amount of rain nearly four inches around toronto. 300,000 customers lost power. the subway system was shut down and may not be back at full strength today. 1400 commuters were trapped four hours until early this morning. they had to be rescued after their train filled with gushing water. police and firefighters used small inflatable boats to free them. forecasters saying more th
that's 1.2 million jobs. over 20 years we would reduce the deficit by nearly 1 trillion-dollar. so these are all compelling economic reasons for reform as well as securing the country as well as ultimately providing a pathway to earn citizenship so people can fully participate in society, pay their taxes and earn their way towards the american citizenship which is our history as a country. >> michael: in short it just seems that the republicans--that's everything--everything you just said is everything that they have allegedly wanted, yet they're still not happy with this bill. if they don't find compromise, i can't help but think like many americans, that they're shooting themselves in the foot, and ruining their own political career. i'm almost afraid to share this information with them because they might figure it out. >> well, you know, if i were speaking strictly politically i would agree with you but i really do want to see for the nation comprehensive reform passed. but you're right in your calculous. to win the white house again to win the presidency, increasingly congressi
the deficit and ultimately address the towering debt that we're facing as a country, not only today but even the worse debt we'll be facing given the current trend we're on in the future. mr. chairman, remember when we were told to get our tires properly inflated and people snickered saying, is this an energy policy? well, at least those ideas actually saved energy and actually saved cost. albeit a drop in the bucket. but now in one of its latest efforts, along comes the department of energy and proposes a regulation to impose destructive and unnecessary energy efficiency standards for ceiling fans. and like much of their agenda, it is completely counterproductive. it's big government run amuck, another example. it's an example of the complete disregard bureaucrats have for the practical implications of the regulations that they issue. the department of energy contends that a certain amount of energy would be saved by requiring greater efficiency from ceiling fans, as the gentlelady mentioned and explained. now, of course, that ignores the fact that ceiling fans are already far more energy e
that? delaying them would add to the deficit or debt, or would you say it is worth it if we can save americans from these onerous burdens? >> i get my colleagues to give their thoughts, but my view is anything we can do to delay the impacts of this on the american people is a good thing. while we all acknowledge delaying the employer mandate for a year is a good thing, the individual mandate is set to kick in on the first of next year and that will hit 6 million americans with a $1200 tax increase. inevitably, you will see as many of my colleagues have noted, premiums going up as a result of the mandates in the legislation. i think we would love, in a perfect world, that we were not here. we think there is a better way to do this. we are where we are. anything we can do in a significant or substantial way to delay the implementation of a bad piece of legislation that will adversely impact the american economy and jobs and raise health insurance premiums for people all across the country would be a good thing. the house will vote this week on delaying the individual mandate for a year
-front about their proposals to charge students more in order to pay down the deficit. we think it is outrageous -- in a time where somehow it is not acceptable to tax billionaires to deal with the deficit but we're supposed to tax struggling students who are trying to make ends might who are just trying to get a college degree so they can be productive members of society. >> bill: even at 3.4 or 6.8%, isn't that what we're doing? in effect? we're taxing students to help pay down the debt or elsewhere does that money go? >> well, there are proposals that would peg the rate to the market with a small markup to be able to pay the cost of the program. costs for administering the program. there's costs to cover defaults on the loans. so it is possible to peg the rate to the market in a way that is not really making money off of students. and we think that's what this program should be about. it should be how can we get the maximum number of students, the support they need to go to college in a way that's fair to them covers the cost of the program but isn't seeking to garner more mo
that the affordable care act will reduce the deficit by over $100 billion over the next ten years. this is more than fully paid for. >> reporter: at the white house the officials say that the claim that it raises the cot of the law is a sabotage effort. >> the republican house that's driving the narrative are not concerned about a delay and the law they want to impose. they want to kill the bill. >> reporter: jay carney says if the republicans wanted to fix the obama care bill they would find alternatives. what's driving them to do it is it's not working. >> i support that. we're talking about perm neblt delay. we'd like to see the same thing delayed for everybody. >> reporter: others agree with thune but there's a hard argument on how it is. >> the point is the mandate was not relay. certain reporting by businesses that could be perceived as ho r onerous. >> reporter: it contains no warning about not injuring workers. it say, quote, during this 2014 transition period, we strongly encourage employers to maintain or expand health coverage. part of the reason for the delay is finding a way to determi
for something he hasn't been doing in a while. gone. cut the deficit 2-1. 6th inning add some bush to this line up. pablo scores 2-2. into the seventh two runs. a variable -- over the head of the left fielder and he has himself a double. he had three hits, pablo scored two runs tonight. and there's the guy you get kicked out of the game when you take a bat from a young lady sitting next to you. not really. he was just getting it taken care of. meanwhile, festive and intense. upcoming weekend for the a's. first place teams for the east and west a bit of a reunion as well. and he's doing damage tonight. that is johnny gomes. big part of the a's success. robbing justin smoke of the mariners and the sox will win. bay area product nava. >>> the warriors proudly present their latest prized possession and how the trades to acquire andre iguodala might be remembered as a true turning point with the organization. sports part two, next. medicine called? hat's me one time i took something and i blew up like a puffer fish. i'm probably allergic to that. at kaiser permanente, your medical information is ava
calculate what impact it's going to be on the deficit, and it's going to be a very positive impact in terms of reducing the deficit. but as i said there are many studies that are -- very respectable studies that indicate the contribution is very positive. just thinking of one at this point. i mention the national research council. there's another one that was significant at the time. jeffrey passel did a study of what happened between the 1970s and the 1990s. that's two decade perfected. and -- period, and he came up with a figure. the net contribution was $25 billion. but again, when you look at it, always think that the effect of immigration on the economy goes beyond what they themselves produce and consume and what they themselves pay and what they themselves take out of the system, because the impact the whole of u.s. society. they make all of society more productive. the entire economy more productive. so it's almost impossible to calculate exactly what the impact will be but we know it will be positive because if the economy becomes more productive and you're producing more goods and
, head winds that include direction of fed policy, sovereign debt, budget deficits, all of this comes together and effects the investors trust somewhat in the market. the adviser has to step in and take a disciplined approach and have an investment solution. >> so coming back to the simple question, how come retail investors are not in this market? >> i believe they do trust their advisers. >> i we'll start it see more investors confidence come into the market. and in the final phase of this bull market rally. that has historically always been the case. in the final phase and i do believe like rich bernstein says, we are in the middle innings. we are in this bull market as the fourth and fifth -- >> you can talk about that until the cows come home about where we are with the bull market. but the investors out there believe at some point we are going to go -- we're probably in some type of a bubble. or if we're not in a bubble, they just don't feel like -- they get a fair shake. i think it is what i said before. if you want to look at what do you do, we have been waiting so long for re
that greece has been sitting on the back sides doing nothing. their structural deficit at the start of the crisis was 10% of gdp and now virtually at zero. the problem is they have got to move to get something like a structural surplus of 5% if they're going to get their debt coming down. lots more to do. and with the politics as it is, it is always going to be a challenge. >> the right plan. is the medicine still the right medicine or not? >> i think the difficulty is for countries like greece and portugal who need to go to the rest of the eu to fund themselves, it is difficult for them to say, well, do it a little bit more slowly. whenever they do their fiscal tightening more slowly, it means someone else has to stump up the cash and that's germany. we know they're up against the limits of how much they're prepared to give. i think there are other countries in europe, germany, the uk, where perhaps fiscal austerity could be scaled back a little bit and leave a policy like the u.s. would probably be helpful. i think for the periphery countries, it is much more difficult, because th
. >>> the white house says thee federal deficit for the current fiscal year is going down. down it will shrink to $750 million. that is 200 less than the obama administration predicted. the obama administration revised its forecast made in april, and are now projecting that economim growth should be slightly slowet in the coming days. >>> d.c. embattled fire chieff should get a boost for a change. >>> first peanuts and crackerker jacks, hot dogs as well. well. you won't believe how manybeli pounds you may be packing on att the ballpark. i bet you, we will believe t. >> i don't want to know. >> it's the ballpark, you have e hot dog, right, tucker. >>> i have lots, and lots ofof them. warm and humid conditions today. thunderstorms this afternoon. we will talk about the weatherth and the ecool weather on the wa and julie has traffic rightc after the break.  >>> welcome back to fox 5 morning news.om a pretty decent start to the the day. time is 5:15. here is a question for you. headed to the ballpark. here is something to keep in in mind for those of you watching a your waistline.
to the deficit? no. instead we are recklessly pushing forward this partisan bill designed to inflict grave harm. and even more pernicious is the substance of this bill which throws millions of american families aside. this removes the entire nutrition title from the farm bill with no indication that the majority intends to take up those programs in the near future. let's be clear about what this means. food stamps are the critical central area of our social safety net. helping over 47 million americans, nearly half of them are children. 99% of recipients live below the poverty line. 75% of households leaving this aid include a child, a senior citizen or an individual with a disability. these are the individuals and republican hat this majority has just called extraneous. they are not extraneous. the bill before us would mean he death now of the food stamp program, the other nutrition programs that have been part of the farm bill for decades. this bill is immoral and it is a serious risk to our society. 532 farm groups sent the speaker a letter opposing the splitting off of nutrition program. bi
people look at the 700 whatever it is, whatever the deficit will be this year and think about fannie and freddiement we did okay there. at least recently, right? >> look. our bill issing a nostic on the lawsuit. more power to him. what is not agnostic son we don't ever again have a situation where you have private loss, i will say i feel a little better about the motive here. in summer of 2008, when these entities were taken over, everybody was jumping up saying, please, don't take my insolvent company that doesn't have a chance of ever making a dime. people have jumped into the fray. again, you know, that's why we have a judicial branch. i think what most americans wholeheartedly agree with is we don't want to have another situation where you got the government backstopping an entity like this. this is the only way you guarantee their income and when things are good, they make money. within they are bad, they are left with $180 become worth of funding. >> i don't know how we get out. with renowhere near extricating ourselves from the way it is right now. >> i don't know about that.
to take all of the profits of the companies and take them for deficit redux into the treasury. what has that meant in june 30th, fannie and freddie paid treasury $66.3 billion, what it would have been otherwise in terms of dividends $4.7 billion. the continued profitability accelerated in the lawsuit, payments to treasury under the so-called third amendment, they will fully reimburse treasury with interest by next year. under the third amendment, say the plaintiffs, regardless of how much fannie and freddie sent to treasury, preferred stock will remain outstanding. they want a different road to be taken here as do holders of the preferred. berk cowits, a large holder, this debate is starting to take shape. hedge funds on one side, not a lot of sympathy, perhaps, from the investing public but simply a question of the rule of law, whether treasury overreached in the third amendment. it's worth watching. fannie and freddie delivering enormous profits that are helping to reduce the deficit. >> right. >> a hard time cutting that off. >> or they don't want it cut off. perry, by the way, isn't
student loan interest rates at current levels for two years without adding a penny to the deficit. because of this obstruction, loan rates doubled on july 1, piling thousands of dollars more of debt, mor that more than 7 mn students owe. republicans are push planning to balance the budget right on the backs of struggling students. if the legislation passed by house republicans or the plan by senate republicans becomes law, student loan rates would more than double over the next few years as interest rates increased. the speaker, speaker boehner, has said that the house has acted and now the ball is in the senate's house. we talked about that yesterday, madam president. what is he talking about? they've acted and now we should act. i guess we could talk about what he this didn't do last year on the farm bill. i guess we could talk about what they didn't do last year on the post office. i guess we could talk about what they haven't done this year on the farm bill. we could talk about what they haven't done that is so devastating to small businesses around america; that is, having people who
on health care, the economy, the deficit, national security, at a time when challenges form around us that threaten to shape the future, here we are obsessing about the rules of the united states senate and a small handful of judges. at times like this, mr. president, i feel more like an ambassador to a foreign nation than a representative in my own. this episode feeds the cynicism and the apathy that have plagued the american people for too long. it brings this institution and the process that have brought us here into disrepute and low esteem. no wonder so few of our citizens take the time to exercise even the most elementary act of citizenship, the act of going to the polls to vote. very briefly, mr. president, let me say what this is all about.ñ but let me begin by saying what it is most definitely not about. this is not about the precedence and history of this body. it has been interesting to sit silently and observe colleagues on both sides of the aisle make appeals to precedent and history, and both do so with equal passion. history will not provide an answer to the situation
. the business community doesn't seem to be speaking up the way it used to. deficits down to $608 billion. we're doing well now. we need to keep speaking up. because they had to feel the intense tip and they had to feel it relentlessly. >> and dave camp said in your commission the head of the negotiations, the head of the house ways and means committee. forget about taxes. it's not going to happen. you heard the same thing on the spending side as well. the positions on both sides, raising revenue to consulting spending. but you're saying that's not the case. that slowly this is eroding? >> i would say -- remember my learning on the three things, what they say is not necessarily what they think or what they're willing to do. there's -- it's one thing i ended up learning -- there's really smart well meaning people down there. now there are some, dealing with some of them. i've had times where i looked at someone and said you can't possibly believe what you just said. you just can't. it's so illogical, you can't. but there are some of those. but i would say i've run into a lot of people who are
the people that had to construct, that helps younger workers and we do also have a deficit. we don't have young people able to do the job we're outsourcing to india. we need to be training young people starting in high school to do stem job, research and science. >> in that last segment -- well, there you go. [ applause ] in the last segment we were talking about the outsourcing of the jobs. we should point out that 60% decline in manufacturing jobs in this city >> that's right. >> when you talk about an industrial revolution the best place to do it is where there's people who are willing to work. >> exactly. >> but when you have capital which is hard to get and minorities can't get the capital. >> that's right. >> because they don't have the resources to back them up if business doesn't go well, what else can we do other than some kind of public/private partnership involved with federal money to turn these numbers around? >> i think it has got to start there but also long-term we have to level the playing field in terms of corporations. a lot of reasons you see the outsourcing of manufac
because they focus on a deficit. rather, why don't you set a spending limitation where spending is capped at a moving average of inflation adjusted revenue. now, the reason we put it that way is to be agnostic as to whether you should raise taxes or cut spending. i disagree with some on the right who shay we should do everything possible to avoid a tax increase to me that's -- this is a democracy. i'm up -- it's up to the american people to decide that. what we can't do is promise ourselves more we pay for, and so you can imagine something that work that way ask then hat universal acceptance. so rather than having politicians define, you can have any conception you want. just has to have a supermajority and has to escalate. so three-ins becomes four-sixths and five/sevenths, so we think real spending limitation could happen. for those who say that kind of spending limitation sounds odd, that's how universities. look at columbia business school. our spend out of an endowment goes exactly according to some moving average of the value but not an unusual notion at all. >> the early draft of t
instead of deficit reduction, which is a change from the house gop bill. >> luke, let me ask you, in a one or two-sentence answer, do you think students are going to be payer this higher rate for several months, several years? what's the best outlook here? >> i suspect they'll be paying it for at least throughout july, possibly august until there is some sort of solution. i'd be very surprised if they have to pay this coming into the fall. house republicans are going to hold their ground. they don't have an election. they don't have a mitt romney telling them to back off the last time they had this problem. if there's a bipartisan solution from the senate, that becomes the bill the white house will ultimately try and get behind. but really, the debate has been in the senate between real liberal senate democrats and the more moderate ones like mansion and angus king who had a bill they all thought was going to be the way forward. we have to see what happens with that king, mansion, burr, alexander bill. harry reid says he doesn't like it. >> we'll keep an eye on it. luke russert, thank you
with the european countries since the problems began or we have seen it in stocks in our market because of deficit funding or debt ceiling issues or the sequester. when things are good we forget about the impact of aggressive short selling without limits but when they're bad we feel them a plenty and they're not fair. i hate it. short sellers aren't the only risk. we now have mass destruction. double, triple leverage. give you two or three times the short selling bang for your buc. these are etfs that exist for day traders. that's not the point of the stock market, is it? we don't work for long-term or medium term investors. take the skf. that's the ultrashort financial proshares. you think it would have made people money during the financial crisis. many of them got wiped out. wouldn't this be the instrment of choice? wrong. it actually lost you money. one of the worst years in bank stock history and that's what happened? how is this possible? they're designed to track day-to-day changes. at the end of every day they rebounce and they're more of a play on volatility than any of the sectors that a
prescriptions for adderall, used to teach attention deficit and hyperactivity disorder, as well as an insomnia medication. do you think that maybe they were fearful if they entered this toxicology report on martin, it would open the door for the prosecution to put these -- this record of medication on zimmerman in front of the jury? >> no. i don't think that was their consideration. i think they had an epiphany. they went into a meeting and it was a smoke-filled room and they came out and went from stupid to smart. they realized this is a two-edged sword and this can hurt their case. they were going to overtry their case when they were create organize attempting to create reasonable doubt, and now they were going to attack the victim. but by marijuana use, and many people may know that marijuana does not turn somebody aggressive. it may do just the opposite. so they got smart, and they got smart real fast, and they did a real good job by deciding not to put in that evidence. >> for the record, ken said they were in a smoke-filled room. i didn't. >> let's put together the facts in this case. if
projects the senate bill would cut the flow by up to half and reduce the deficit by $135 billion over ten years. the u.s. chamber of commerce would help to craft the bill is running for and calling for an end to the status quo. all of this begs the question, what exactly is stopping the house gop from embracing comprehensive reform. joining me today, executive vice president of global strategy group and former senior advisor to priorities u.s.a. action, bill burton. new york magazine's jonathan chase and distinguished fellow, bob herbert and joining us from capitol hill is republican congressman, raul labrador. congressman, thanks so much for joining us on a very, very important day. >> great to be on your show, alex. >> congressman, i want to start first with what you have said to the press thus far as far as comprehensive immigration reform. you told the hill today that comprehensive reform, the senate bill, is less likely than it was a month ago. i ask you in this hour, is there any chance that the senate bill can pass the house of representatives? >> there's absolutely no chance that
of course to our trade deficit but also to the international demand for dollar reserves was in fact a potentially destabilizing factor and certainly was in any case making financial conditions easier than they otherwise would have been and done more recent works with co-authors at the federal reserve looking at the european u.s. relationship even though there was a more balanced trade between europe and the u.s. there were large growth inflows of financial flows from europe to the united states which again were a demand for safe assets, if you will, which at the time there being an insufficientsy of safe assets in the view of many people that wall street was in some sense trying to construct safe assets through securization and traunking and we know that didn't work out so well. there are some issues with safe assets in that besides collateral we have potentially increased liquidity requirements, increased margin requirements. that creates some pressure on the supply of safe assets. at the same time we're having sovereign debt issues in some parts of the world which reduces the supp
reduce the deficit by almost $850 billion over 20 years. president obama also called in members of the hispanic caucus. democratic congressman joaquin castro of texas voiced hope for a compromise. >> like us he realizes that effort must be both a republican and a democratic effort. it requires the work and cooperation of both parties and this president is committed to working with not only house democrats, but also house republicans on getting it done. speaker boehner and other party leaders issued a statement refirming they will not take up the senate bill which leaves the focus squarely on the next three weeks. house republicans have said they mean to bring immigration to a vote between now and the month-long recess that begins in early august. for more on the options being considered in the house, we are joined by illinois democrat luis gutierrez, also a member of the judiciary committee, and chair of the congressional hispanic caucus immigration task force. congressman, welcome back to the program. >> thank you, ray. good to be with you this evening. >> suarez: earlier today
immigration reform now to help the economy grow, create jobs, or reduce the deficit. here is a key house democrat's assessment. it was wonderful to be part of a productive meeting with the president. we had incredibly candid and productive conversation on accomplishing comprehensive immigration reform. like us, the president believes that there are compelling moral and economic reasons to support comprehensive reform. house republicans are exarlg to the president's healthcare law and suggesting a single massive piece of legislation is not the way to go, shep? >> shepard: mike, former president george w. bush weighed in on all of this today to congress to find a resolution on immigration reform. he spoke during a naturalization ceremony at presidential ceremony in dallas i meant bush 43, excuse me. while he didn't get specific about policy he noted immigrants do make contributions in this country. he said we have to enforce current immigration laws and that america can be a lawful society and welcoming society at the same time. $34 million for a building they didn't need, haven't used and
'm worried about and you are and everyone would be, one, we can't run a deficit of 500 billion every year and we can't create a trillion every year to buy our own securities. we know something about the markets being overheated and more accommodation than normal. we need to believe that the economy is growing fast enough that we can slow down on that stuff. >> what about international? for a long time, the best place to put money for morgan was japan. what about the outflows of emerging markets? do i just want to stay domestic, stay? the u.s., or should i be looking at japan? >> i ultimately think you want more international exposure. it's sort of like don't fight the fed. it's interesting. we did a survey at a conference a few weeks ago. we asked them, do you think owning u.s. stocks with e.m. exposure will be positive or negative within the next few months? all of the responders said negative. we always try to be contrarian when we see what is going on. i think it's a trough and whether china's gdp is 4, 5, 6, isn't that better than europe anyway? >> sure is. >> if i have a u.s. gap, in
, try to find out what the deficits are. work with that. see what they can each contribute and it's not just about the money, as you are saying, it's also about just the contribution to the family. >> let's talk about household chores. that's another thing a lot of people -- there's a great scene from that movie "the breakup." >> that's what we were talking about. >> uh-huh. >> excuse me. what happened here? what are you doing? what are you doing? >> i had such a long day on the bus. i had a rough day. my feet are killing me. >> my feet are killing me, too. i worked all day. i went to the market, cleaned this entire condo and i've been cooking for the last three hours. come on. help set the table. >> sweetheart, you have done such a great job already. don't you want to finish it yourself and have that personal power of accomplishment? >> all my god and all she wanted was the lemmons. i remember that scene so well. >> that frustration when you feel like you are carrying the whole load. >> but it's also a frustration for guys, too, because they are often criticized for not doing the
and the deficit has gone down by $200 billion just in the last three or four months and is now below trillion dollars. it is quite likely that the ball of the ryan plan would have been enacted into law in the early days of the romney administration because the same way that obama was passed with 51 votes under an obscure senate rule that allows it for budget and tax related legislation, this plan would have very likely pass and actually somebody in the white house said he thought it would even get some democratic votes if romney won. this plan didn't cut budgets by 5% or 10% like the sequestration. we are talking 30, 40, 50, 60% cuts, elimination of programs, planned parenthood, amtrak, being only the best known of them, privatizing medicare as they proposed during the campaign. if this bill had passed stay in the spring and the economy is going up, what would people be saying now all? reasonable people, would say we got rid of the jimmy carter/barack obama flu, got business friendly president, pass this legislation, cut taxes against the wealthy, slashed regulation, slashed social programs,
of course to our large trade deficit but also to the international demand for dollar reserves was in fact a potentially destablizing factor and certainly was in any case, making financial conditions easier than than they otherwise would have been. done more recent work with coauthors at the federal reserve looking at the european-u.s. relationship even though there was a much more balanced trade between the europe and the u.s. there were large gross up flows of financial flows from europe and the united states which again were a demand for, safe assets if you will which at the time there being insufficiency of safe assets in the view of many people, wall street in some sense was trying to construct safe assets through securitization and tranching and we know that didn't work out so well. i think that, you know, there are some issues with safe assets in that besides collateral, we have potentially increased liquidity requirements, increased margin requirements. that may create some pressure on supply of safe assets. at the same time, you know, we're having sovereign debt issues in some par
and cut the deficit. adam: we are guessing that lou dobbs has a little to say about this. adam: walmart is threatening to walk. possibly canceling plans to build in the nations capital. lori: let's head to the floor
. the deficit is a serious problem. >> it seems like this and even with the delay, what we are getting is an acknowledgment that there are problems. something is wrong. even he admits we should be doing 300,000 jobs a month at this point. the main point here, delaying the employer mandate. admitting we should be doing the hundred thousand jobs. that may be a sense in the right direction. you cannot keep blaming this on republicans. >> he does not acknowledge the affect of the health reform on the economy. charles: just one of those guys. spend, spend, spend. let's get back to the cove. a bunch of stocks hitting new highs today. nicole: many names continue to hit all-time highs. breaking through even their own new records that they continue to set. just to give you some perspective here, how about names like texas roadhouse. up 30, 40, 50, 60%. noodles, that is the newest one. it went from $18 to $52 weeks. charles: one thing is for sure, we all have to eat. everything you are hearing about gold is wrong. we will hear why gold is still a great investment. a lot of people have abandoned
that doesn't use profits from higher loan interest rates to pay down the federal deficit. >> in this bipartisan group, we all agree that profit shoes for the be made on the backs of students trying to go to school. that's a big difference of what came from the house. >> senate majority leader harry reid says he won't introduce any bill that ties student loan rates to the markets. the white house says it's not favoring one particular proposal. it just wants congress to fix this as soon as possible. >>> the biggest u.s. grocer is moving into the greater washington area. kroeger announced it will buy the harris teeter chain for $2.4 billion. the deal will give kroeger a presence in northern virginia and move is into the district, maryland and delaware for the very first time. as part of the agreement, kroeger will assume $100 million of harris teeter's debt. kroeger says it also has no plans to close any stores. >> i like kroegers. i like them. that's cool. >>> still ahead, today's testimony in the george zimmerman trial could turn on a ruling about some text messages. we'll
deficit, not really about the border? what's going on here as you see it? >> part of the challenge in washington is that -- and it's not about policy. many times it's about politics and it gets personal. and frankly as a new member of congress, that's always very disappoint to go m poinpointing. el paso has been named as the safest city on the border. there is a way of life along the border that involves exchange and commerce that has been tremendously impacted other the last few years where you would be able to go across and eat lunch or people from mexico couldvther the last few years where you would be able to go across and eat lunch or people from mexico coulderther the last few years where you would be able to go across and eat lunch or people from mexico couldher the last few years where you would be able to go across and eat lunch or people from mexico coulder the last few years where you would be able to go across and eat lunch or people from mexico couldr the last few years where you would be able to go across and eat lunch or people from mexico could the last few years wh
it will will make the budget deficit. all of those problems will come back up. i think it will be a problem for the euro, so in my opinion, the dollar will make fresh yearly looi highs as we go forward. >> boris, is the most important thing what we hear from the fed? the fed minister released on wednesday. will give us insight as to what was said around the table. >> i this i the bharkt will be focused, not so much on what bernanke says what the hawks are saying. the they are feeling. if they give the market an inkling september is a tapering period that, will give the dollar moore of a boost. out of the u.k. telegraph, they said like the holy empire, omt was neither outright, nor monetary more transactional. bcb is floating the euro on its rhetoric, nothing more. i think that will hurt the euro as we go forward. >> that's a great point kevin, let's talk oil price, they have been concerned with egypt, concerns about an egypt story, how much is the stronger economic numbers? >> well the stronger economic numbers are a part of the false bull story. maybe bulls in rose colored glasses is what
that they wanted done in there. it raises -- doesn't the cbo say it reduces the deficit. it creates jobs, right? >> how could they be opposed to a disaster aid for the state of new jersey and new york? that made no sense. why would you back gun -- the gun -- the background check bill which 90% of americans supported. >> no logic as to why the house republicans stand in the way and obstruct and have adopted this radical behavior. it is too late for republicans to now to try to reason with house republicans saying look, this is a conservative bill. it's got what you want. odds are you know, the crazies in the house went to the republican party to which fox news has cheered because it's been -- you know, thwarting obama at every turn. now they're going to try to reason with house republicans with the tea party members. good luck to everybody. these people are committed to doing nothing at this point. >> stephanie: not to be politically incorrect but we were laughing a little little bit on "meet the press," raoul labrador. retriever, i can't remember his name. republican. an accent talking about ho
at student loans as a deficit reducer. it ought to be neutral. that is to say that at worst it ought to be neutral. and the reason for that is that we are asking students to subsidize the deficit because we want to encourage you to go to school, we want to make it as secure as possible. it ought to be my generation and her parents generation as well to do so. that is one of the debates, by the way. you can't put into a student loans anything that we thought we could. it's freeing up money that we thought was there. >> i think that that is an excellent point, to the extent that we put capable people in debt. >> we undermined not only their lives, houses, necessities, children, we diminish our ability to grow this. >> i think we are putting the is an appearance of these people. >> you are right. it does make a good point. thank you, megan. [inaudible question] >> as you say, it is definitely more difficult. it is important that we do this, as we have in the past. it is largely ahead of the control. >> [inaudible] >> we have confidence that we will set aside this much money every single
of boosting the economy and reducing the deficit, terms that republican lawmakers may be able to digest. in specifics, it reads that reform will grow the economy by 3.3% and bring down the deficit by close to $8850 billion over the next -- by close to $850 billion over the next 20 years. we're back after the break. actually mean it. >> you're putting out there something that you're proud of. journalists want the the story and they want the right story and the want the true story. >> you can say anything here. >> i spent a couple of hours with a hooker. >> your mistake was writing a check. >> she never cashed it! >> the war room. >> compared to other countries with tighter gun safety laws our death toll is just staggering. >> the young turks. >> the top bankers who funneled all the money to the drug lords, no sentence. there's just no justice in that. >> viewpoint. >> carl rove said today that mitt romney is a lock to win next pope. he's garunteeing it. >> joy behar: say anything. >> is the bottom line then that no white person should ever, ever, ever use the "n" word? >> yes! >> only on
in the future and paying off our deficit. we simply cannot afford to spend taxpayer dollars on research, the private sector can do better and taxpayers should not be asked to provide additional support to an industry that consistently has record-breaking profits. our energy sector has some of the of the most promising ideas and technologies in the world. our energy policy, however, is horribly outdated. h.r. 2609 slashes research and development for renewable energy by some 60% and adds additional money that the administration either want -- neither wants nor needs to research fossil fuels and clean coal. at the same time it continues to spend far too much on fossil fuel r&d. in fact, we dole out more fossil fuel subsidies than any other country. more than $500 billion in 2011. and they often go to expensive projects with little upside. the fact is we don't need to spend taxpayer money this way. fossil fuel companies are highly profitable, posting some of the highest profits in the world, and they can shoulder than other r&d costs. -- their own r&d costs. this is a clear example of dupl
we were seeing related to the trade deficit but also international demand for dollar reserve was the destabilizing factor in making conditions easier than they otherwise would have been but to look at the european relationship but again it was a demand for safe assets which at the time the insufficiency of safe assets. . . this is our total purchases, which are pretty small share. woodenly by this, we will pay for this with bank reserves. i do not think their asset purchases are significantly affecting us. especially when it comes to liquidity policy. >> women ask about the creative policies over the last few years. we are taking actions that are at the edge of traditional independent challenges it comes on the macro credentials side. >> well, that's kind of a political question that i'm not sure i can do justice. and there are good reasons to have monetary policymaking. we all understand those reasons having to do with avoiding short run political intervention in monetary policy. but in many of the other activities, for example, is a bank regulator, while we believe that tha
know for a fact that the numbers have gotten better as far as our deficit, and there are people that are now covered with healthcare who could not afford it prior to this print out would like to represent -- i would like the representatives comments on this. significant are challenges and healthcare. we believe you can solve the the challenges without pushing washington in charge. the bill i proposed is one of those ways. factld take issue with the of costs coming down. costs are coming down -- going up in health coverage. that theeen administration promised they would go up -- go down by $2500. i former colleagues, physicians across this country, i know some doctors who will have to leave rectus. they will have to end up practicing medicine not because they are too old, but because of the onerous regulations and the difficulty they have in caring for patients and complying with all of the rules. in addition, we are spending ourselves into oblivion. we have nearly $17 trillion in debt in this country. thefirst four years of president's administration, over $1 trillion added to t
. throughout the first eight months of the budget year, the deficit has total over $500 billion. that is just under 400 billion lower than those same period last year. the congressional budget office forecast the annual deficit will be 670 billion when the budget year and is on september 30th. >> we will take a quick break on the kron4 morning news. a live look outside from our roof camera. i cloudy start of the clouds and dogs to clear out san and make way for plenty of sunshine. your full forecast coming up after the break. look at 'em. living on cloud nine with that u-verse wireless receiver. you see in my day, when my mom was repainting the house, you couldn't just set up a tv in the basement. i mean, come on! nope. we could only watch tv in the rooms that had a tv outlet. yeah if we wanted to watch tv someplace else, we'd have to go to my aunt sally's. have you ever sat on a plastic covered couch? [ kids cheering ] you're missing a good game over here. those kids wouldn't have lasted one day in our shoes. [ male announcer ] add a wireless receiver. call to get u-verse tv for just $19 a m
, where do you think if there is any the deficit in this case that the prosecution has built that would make it difficult for this jury to find george zimmerman guilty of either second-degree murder or manslaughter? >> you know, look. brianna, first of all, i think the difficulty in the case began with how the case was filed. first of all, i think this case was filed way overcharged. i think the case never should have been filed as a second degree murder case. i think the case probably should have been filed as a manslaughter case if it was filed at all. i think right there at the root is where the problem began for the prosecution. i think, though, under florida law, what we'll have to assess as this jury goes into that jury room is when does the case really start? the case really starts factually when the confrontation starts. that's where tissues for the prosecution really are the most manifest. what they can't establish is when did the confrontation start? how did it start? who started the confrontation? at that point really the prosecution's case begins to break down. because we ju
in march 2012 the cbo estimated that if an additional 14 million workers move the deficit would decrease over ten years. this is because the increase is off set by a reduction in lost revenue from the tax exclusion for insurance. it will be important for hr 903 to be adjusted to take into account subsidies on the individual mandate. the individual mandate could be replaced with a open e enrollment period. this would achieve the mandate's goal of curbing adverse selection without the constitutional injury. i will conclude by recalling that scarlet s. want an economy which those at the bottom of the ladder can find good employment and healthcare. we should repeal it. thank you again for having me. i have included three articles from forbes in which i further expand on these issues. >> thank you. >> mr. chairman and ranking members thank you for the opportunity to be here today. he decision to abandon for 2014 were only announced last week. it will take some additional time before the full implications are known. nonetheless in my testimony i will try to provide some initial observations ab
's a neurological problem. it's a deficit. it's a part of your brain that is not working properly. it's nothing you would wish on a child and yet in one case after another many of the most famous entrepreneurs we know have lived their whole lives with this devastating disorder. if you talk to them, they will tell you that they succeeded not in spite of this disorder but it taught them something about how to deal with the world that proved to be incredibly valuable in their career. and that is, there is something very beautiful about those and very moving about those kinds of stories. i tell a couple of them and it's a beautiful illustration of this sort of paradox i am interested in describing which is very often we learn more from our disadvantages than we do from art bandages. >> malcolm gladwell is there any connection between david and goliath the tipping point and outliers? >> i wish there were. i wish there were some grand unfolding narrative so i could argue that if you owned one you have to had to own them all but i don't think there is. i think they are, they have to be what i'm interested
. he wishes the media would stop covering this. and to cover more stuff about the debt and the deficit. that never gets covered. i was sent 10-15 seconds. i said i'm not going to run a break and won a big chunk of the speech. my source sent me the whole speech. if i was accused of taking it out of context, they could see that it was clearly in context. i think that is very important. giving the reporter is much as didible can -- the campaign a smart thing. they had a tracker record everything joe walsh said. it was public. anyone can go see it. they didn't have time to go watch all of this. he did not necessarily find the nuttiest things he said. it was all out of reporters who had the time to go through. that was great. i would love every lawmaker put up raw video so you could find it. that was very helpful. i cannot get out to illinois. that, if a couple ways you're an activist or if you are working on a campaign, you can have your favorite reporter that you send things to directly. do you trust the reporter to keep your identity secret, to write it up anyway that you think is going
giving some of their surplus. so there's regional surpluses and deficits. some places have plenty of bodies, others are always scrambling to get more bodies. >> host: in "stiff," the cure use lives of human cadavers you write it makes little sense to try to control what happened to your remains when you're no longer around to reap the joys or benefit0s of that control. people who make elaborate requests concerning disposition of their bodies are probably people who are troubled with the concept of not existing. >> guest: yeah, that is the number one reason in my experience, that people cite when -- they're not going to donate -- they don't want to donate their body to science, to research, to education. they say i want to be able to say what it's used for. i want to cure cancer. i dope want to be used in a plastic surgery seminar. people want to exert control over the circumstances, though they're no longer in the circumstances at the time. so in a way it's a way of still being around. people don't -- people have a lot of difficulty with the prospect of no longer being around. of
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